[Starwind]

New design does not mean new currency.

Clearly it is new currency distinguishable from the old, and if they can't be exchanged as has been contended:

foreigners will continue to be allowed to use the greenback while U.S. citizens will be stuck with the "crayola currency" which cannot be exchanged.

It seems a further restriction on our ability to take our cash where we wish and spend it as we wish.

Presumably there would be some mechanism to take cash on a foreign trip, but the article seems to imply a lot of reporting might accompanying such an exchange (at customs?). It is not to hard to understand how this can be used to 'track' bringing cash resulting from foreign bullion sales onshore.

The point of the post was to vet this article. Might you have any information to support your viewpoint?

[Alter Kaker]

Clearly it is new currency distinguishable from the old, and if they can't be exchanged as has been contended:

This happens every year for American government, no matter if new design or not. As old bills return to banks, they are exchanged by government for new bills. You cannot ask for old bill.

It seems a further restriction on our ability to take our cash where we wish and spend it as we wish.

Existing bills will be legal for use in America for ever. I do not understand concern.

[nopardons]

American paper money, has historically changed, from time to time. Bills printed 100 years ago, and more, are useable as legal currency. When such bills go through a bank, they are NOT " traced " and as legal tender, they are valued at face value...whether backed by gold, silver, or neither.

The government's current change, in the way paper money looks, is to deter fraud/counterfitting.

[kingu]

Events marking the first purchases with the new $20 notes were held today in more than 30 U.S. cities. Later this month, the issue of the new $20 bill will be marked by international events in dollarized economies and in countries where U.S. currency is widely held, such as Russia and countries throughout Latin America.
-- From a government press release

The new twenties are the only 20's being released by the Federal Reserve system for one month, then we go back to the standard recycling of whatever comes by along with additional printing of 20's to replace those that are destroyed.

You're welcome to buy all the gold you want, I'm sure the gold market people would love to have a nice pop so they can sell their positions in anticipation of the next major gold sale in December.